PRE-LEASED Home - Long-Term Tenant!
Calera, AL 35040
4bd • 2.5ba • Built: 2023
Immediate cash flow with tenant in place!
| Estimated Square Feet | 1,906 | | Initial Market Value | $299,000 | | Purchase Price | $299,000 | | Downpayment | $74,750 | | Loan Origination Fees | $6,728 | | Depreciable Closing Costs | $7,475 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $88,953 | | Cost per Square Foot / per Bedroom | $157 / $74,750 | | Monthly Rent per SQFT / per Bedroom | $0.91 / $431 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,725 | $20,700 | | Vacancy Losses | ($138) | ($1,656) | | Operating Income | $1,587 | $19,044 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($162) | ($1,944) | | Insurance | ($105) | ($1,256) | | Management Fees | ($86) | ($1,032) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($35) | ($414) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($387) | ($4,645) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,200 | $14,399 | | - Mortgage Payments | ($1,238) | ($14,857) | | = Cash Flow | ($38) | ($458) | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $561 | $6,728 | | + First-Year Appreciation | $1,495 | $17,940 | | = Gross Equity Income | $2,017 | $24,210 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $224,250 | N/A | | Monthly Payment | $1,238.05 | N/A | | Loan Type | Interest Only Fixed | N/A | | Term | 10 Years | N/A | | Nominal / Real Interest Rate | 6.625% / 3.625% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 0.97 | | Annual Gross Rent Multiplier | 14 | | Capitalization Rate | 4.8% | | Cash on Cash Return | -1% | | Return on Investment | 20% | | Return on Investment with IIDD | 27% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | $86 | | Maintenance Percentage | 2% |
| Comments |
|---|
| Desirable suburb of Birmingham! Tenant in place until December 2026. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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